Behind every invention there’s serious work, often a lifetime of time and money invested before a great idea can be realized but the moment it is realized the future and the every-day life of humanity is changed. After research and development new technical solutions improve industry and production – giving competitive advantages to some people over others. Or a technical innovation decides the outcome of battles and helps to end conflicts. The B-29 American bomber and deep-sea oilrigs under the Gulf of Mexico are seemingly unrelated. But they aren’t. They both changed history.

There’s always an idea that changes many things often as much as history itself. A bold new idea, new inventions, unexpected discoveries – seemingly independent from each other however in the end a cause and causality becomes apparent. And this is in essence technical development. It may be surprising but this is still ongoing. Who knows how many inventors are dreaming, thinking, trying to create something new and bold? How will history continue?

Dr.
Tibor Palánkai

economist,
university professor, academic

(Hungary,
March 1st, 1938) Award winning Hungarian economist, university professor,
member of the Hungarian Science Academy. Renowned researcher of European
integration and international division of labour. Deputy rector of Karl Marx
Econonim University between 1977 and 1983, rector of Budapest Economic
University (successor of Karl Marx University) between 1997 and 2000)